Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Cherat Cement

Market Cap: PK₨64.7b

Manufactures, markets, and sells ordinary Portland cement in Pakistan and Afghanistan.

Britam Holdings

Market Cap: KSh22.1b

An investment holding company, provides financial solutions in Kenya, Uganda, Tanzania, Rwanda, South Sudan, Mozambique, and Malawi.

Hind Rectifiers

Market Cap: ₹27.2b

Designs, develops, manufactures, and markets power semiconductors, power electronic equipment, and railway transportation equipment in India and internationally.

Wholetech System Hitech

Market Cap: NT$9.9b

Provides system integration services in Taiwan, China, and Singapore.

Wealth First Portfolio Managers

Market Cap: ₹13.1b

Provides share and stock broking services in India.

Jagsonpal Pharmaceuticals

Market Cap: ₹15.6b

Engages in the manufacturing, selling, and trading of pharmaceutical products and active pharmaceutical ingredients in India and internationally.

Palasino Holdings

Market Cap: HK$1.9b

Through its subsidiaries, engages in the gaming and hotel businesses in the Czech Republic, Germany, and Austria.

Hua Na Hydropower

Market Cap: ₫6.0t

Engages in the electricity generation activities.

Concord Enviro Systems

Market Cap: ₹11.4b

Engages in the design, manufacture, installation, operation, and maintenance of industrial water and wastewater treatment, and reuse and zero liquid discharge systems and plants.

PC Jeweller

Market Cap: ₹90.4b

Manufactures, sells, and trades in gold, diamond, silver, precious stone, and gold and diamond studded jewelry in India.

Practic

Market Cap: RON 736.5m

Engages in the lease and sublease of real estate properties in Romania.

Al Wathba National Insurance Company PJSC

Market Cap: د.إ703.8m

Engages in general insurance and reinsurance business in the United Arab Emirates and internationally.

Innovana Thinklabs

Market Cap: ₹9.9b

Engages in the software and application development business in India, the United States, and internationally.

Vietnam Container Shipping

Market Cap: ₫11.7t

Engages in port services activities in Vietnam.

Insolation Energy

Market Cap: ₹49.5b

Engages in the manufacture and sale of solar panels and modules under INA brand name in India.

Sky Gold and Diamonds

Market Cap: ₹47.3b

Designs, manufactures, assembles, cuts, polishes, markets, and sells gold and silver jewelry in India.

3B Blackbio Dx

Market Cap: ₹12.3b

Engages in the design, development, manufacturing, and commercialization of agrochemicals and PCR based molecular diagnostic kits in India.

Fortune Mate Indonesia

Market Cap: Rp2.4t

Provides real estate development and construction services in Indonesia.

Monolithisch India

Market Cap: ₹8.9b

Manufactures, trades in, and supplies ramming mass in India and Nepal.

Monarch Networth Capital

Market Cap: ₹25.6b

Provides financial services to high net worth individuals, institutional and foreign investors, financial institutions, and corporate clients in India.

Krishana Phoschem

Market Cap: ₹36.3b

Engages in the manufacture and sale of fertilizers and chemicals in India.

Yibin City Commercial Bank

Market Cap: HK$11.9b

Provides banking and financial products and services to small and micro enterprises in the People’s Republic of China.

Bank MNC Internasional

Market Cap: Rp3.0t

Provides various banking products and services in Indonesia.

Bank Ganesha

Market Cap: Rp2.8t

Provides various general banking products and services for individuals and businesses in Indonesia.

Capricorn Group

Market Cap: R11.2b

An investment holding company, engages in the banking, microlending, and related businesses in Namibia, Botswana, and Zambia.

Jordanian Duty Free Shops

Market Cap: د.أ150.8m

Invests in, operates, and manages duty-free shops.

Network People Services Technologies

Market Cap: ₹43.3b

Develops payments infrastructure for banks, payment aggregators, and merchants in India.

AB Vilkyskiu pienine

Market Cap: €121.8m

Engages in the production and sale of dairy products in Lithuania, the rest of the European Union, and internationally.

Jadranski naftovod d.d

Market Cap: €831.3m

Engages in the transport and storage of oil and oil products in the Republic of Croatia and internationally.

Vikram Solar

Market Cap: ₹128.9b

Manufactures and sells solar photovoltaic modules/systems.

Cahaya Aero Services

Market Cap: Rp5.5t

Provides ground and cargo handling, aircraft release and maintenance, catering, facility management, and aviation training services in Indonesia.

Ramco Industries

Market Cap: ₹27.0b

Engages in the building products, textiles, and power generation businesses in India.

Etihad Atheeb Telecommunication

Market Cap: ر.س3.5b

Provides telecommunication products and services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

Indo Amines

Market Cap: ₹10.9b

Engages in the manufacture, distribution, and sale of fine and specialty chemicals in India and internationally.

Wema Bank

Market Cap: ₦503.6b

Provides banking and other financial services to corporate and individual customers in Nigeria.